Gold Flat After Obama’s Syria Address

Silver gained and mining stocks mostly advanced

U.S. President Barack Obama’s televised speech Tuesday night appeared to indefinitely delay any American military action against the regime of Syrian dictator Bashar al-Assad and left gold virtually unchanged in Wednesday trading.

Gold futures for December delivery dipped 20 cents to $1,363.80 per ounce on Wednesday, according to CME Group. Gold traded as high as $1,368.70 and as low as $1,356. Gold bullion closed in London at $1,365, according to BullionVault.